455/457 SOMERSET Street West, Ottawa Centre | Image 1

455/457 SOMERSET Street West

Ottawa Centre, 4102 - Ottawa Centre

  • Commercial

$2,420,000
For Sale

Added 5 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: TM14

  • Age: No Data

  • Taxes: 18153

  • MLS®#: X9517156

  • Days on Site: 161 Days

  • Added: Jul 11, 2024 (5 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: SLEEPWELL REALTY GROUP LTD

6-unit complex with 2 vacant units ready for your vision - Waiting for your clients' renovations. Current NOI: $113,510 with amazing potential that you can easily unlock with transient tenants. Welcome to 455/457 Somerset an exceptional investment opportunity offering both comfort and significant income potential. This meticulously maintained building features six spacious units, each with a thoughtful layout designed to maximize living space and enhance tenant satisfaction. Set in a desirable location, this property not only promises higher income potential but also comes with the convenience of nearby amenities and excellent transport links. This is a must-see investment for anyone looking to expand their real estate portfolio with a property that combines comfort, style, and substantial financial returns. 24 hours notice required for tenants. NOI is projected from 4 actual and 2 vacant unit rents.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 113510

  • Area: Ottawa Centre

  • Community: 4102 - Ottawa Centre

  • Availability Date: TBD

Building

  • Heat Type: Water Radiators

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 24, PL 15061 , N/S SOMERSET ST ; OTTAWA/NEPEAN

  • Taxes: $18,153

  • Expenses: Act

  • Insurance Fee: 8481

  • Water Fees: 3293

Land

  • Cross Street: ON SOMERSET BETWEEN

  • Municipality District: Ottawa Centre

  • Parcel Number: 041200033

  • Sewer: San+Storm

  • Lot Depth: 112.37 Feet

  • Lot Frontage: 57.95 Feet

  • Zoning: TM14

Additional Media

  • Virtual Tour: https://455somersetst.com/

Commercial Specific

  • Total Area Metric: Sq Ft

  • Survey: N

  • Gross Income/Sales: 153451

Map of 455/457 SOMERSET Street West, Ottawa Centre
JK-6

Cambridge Street Community Public School

Elementary: Public
0.83 km
JK-6

St Anthony Elementary School

Elementary: Catholic
1.12 km
JK-8

Centennial Public School

Elementary: Public
0.41 km
JK-6

Corpus Christi Catholic Elementary School

Elementary: Catholic
1.57 km
JK-6

Elgin Street Public School

Elementary: Public
0.81 km
7-8

Glashan Public School

Elementary: Public
0.71 km
9-12

Urban Aboriginal Alternate High School

Secondary: Public
0.60 km
9-12

Richard Pfaff Secondary Alternate Site

Secondary: Public
0.54 km
9-12

Immaculata High School

Secondary: Catholic
1.55 km
Pre-Grade 9-12

Lisgar Collegiate Institute

Secondary: Public
1.14 km
9-12

Adult High School

Secondary: Public
1.39 km
Pre-Grade 9-12

Glebe Collegiate Institute

Secondary: Public
1.40 km
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